Nordstrom 2002 Annual Report Download - page 39

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notes to consolidated
financial statements
NORDSTROM INC. AND SUBSIDIARIES 37
Stock option activity for the Nordstrom, Inc. Plan was as follows:
Year ended January 31, 2003 2002 2001
Weighted- Weighted- Weighted-
Average Average Average
Exercise Exercise Exercise
Shares Price Shares Price Shares Price
Outstanding, beginning of year 10,763,893 $24 8,873,342 $27 8,135,301 $28
Granted 2,423,966 25 3,288,826 19 2,470,169 21
Exercised (350,004) 19 (186,165) 18 (181,910) 20
Cancelled (951,510) 26 (1,212,110) 25 (1,550,218) 28
Outstanding, end of year 11,886,345 $25 10,763,893 $24 8,873,342 $27
Options exercisable at end of year 5,724,629 $26 4,533,281 $27 3,833,379 $26
The following table summarizes information about stock options outstanding for the Nordstrom, Inc. Plan as of January 31, 2003:
Options Outstanding Options Exercisable
Weighted-
Average Weighted- Weighted-
Remaining Average Average
Range of Contractual Exercise Exercise
Exercise Prices Shares Life (Years) Price Shares Price
$13 – $22 5,499,006 7 $19 2,557,503 $20
$23 – $32 4,503,716 7 $26 1,716,077 $27
$33 – $40 1,883,623 6 $36 1,451,049 $35
11,886,345 7 $25 5,724,629 $26
Stock option activity for the Nordstrom.com 1999 and 2000 Plans was as follows:
Year ended January 31, 2003 2002 2001
Weighted- Weighted- Weighted-
Average Average Average
Exercise Exercise Exercise
Shares Price Shares Price Shares Price
Outstanding, beginning of year 3,524,808 $1.73 4,174,950 $1.72 1,373,950 $1.67
Granted 112,500 1.92 41,500 1.92 3,794,931 1.73
Exercised —— — — (135,000) 1.67
Cancelled (3,637,308) 1.73 (691,642) 1.68 (858,931) 1.68
Outstanding, end of year —$ —3,524,808 $1.73 4,174,950 $1.72
Options exercisable at end of year —$ —1,241,104 $1.68 703,750 $1.67